Baird raised the firm’s price target on SPS Commerce (SPSC) to $159 from $154 and keeps a Neutral rating on the shares. The firm updated its model following good Q1 results and noting the 2025 outlook is largely unchanged.
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Read More on SPSC:
- SPS Commerce: Resilient Growth Amid Macroeconomic Challenges with Strong Buy Rating
- SPS Commerce Reports Strong Q1 2025 Growth
- SPS Commerce reports Q1 non-GAAP EPS $1.00, consensus 85c
- SPS Commerce sees Q2 non-GAAP EPS 87c-90c, consensus 93c
- SPS Commerce sees FY25 non- GAAP EPS $3.86-$3.93, consensus $3.84